23 Crore Demat Accounts, Only 1 in 4 Active
India has crossed nearly 23 crore demat accounts by mid-2026, with new openings running at roughly 25-30 lakh per month through FY26. Yet depository and exchange data indicate only about 1 in 4 accounts trades actively, around 4.5-5 crore, leaving a large base of dormant first-time investors.
Nictick — educational context
Account growth and market participation are two different measurements. Analysts often read total demat count as reach and active count as depth. The gap between the two is studied as a signal of how many new entrants stay engaged after their first market cycle.